Public Service Enterprise Group (NYSE:PEG) Issues FY 2026 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.280-4.400 for the period, compared to the consensus EPS estimate of 4.370. The company issued revenue guidance of -.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock traded up $0.57 during mid-day trading on Tuesday, reaching $81.02. 776,320 shares of the company’s stock were exchanged, compared to its average volume of 2,809,838. The business’s fifty day simple moving average is $82.36 and its 200 day simple moving average is $81.69. The firm has a market capitalization of $40.41 billion, a PE ratio of 19.21, a P/E/G ratio of 3.02 and a beta of 0.53. Public Service Enterprise Group has a one year low of $76.00 and a one year high of $91.25. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.Public Service Enterprise Group’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, sell-side analysts expect that Public Service Enterprise Group will post 4.36 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 63.51%.

Analysts Set New Price Targets

A number of analysts have issued reports on PEG shares. Truist Financial started coverage on Public Service Enterprise Group in a research report on Tuesday, April 21st. They issued a “hold” rating and a $91.00 target price for the company. Barclays raised their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. raised their target price on Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Evercore raised Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price for the company in a research report on Thursday, March 5th. Finally, Argus raised Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.19.

Insider Activity

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the sale, the senior vice president owned 28,481 shares of the company’s stock, valued at $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total value of $169,222.92. Following the sale, the chief executive officer directly owned 291,398 shares of the company’s stock, valued at approximately $23,673,173.52. This trade represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 8,866 shares of company stock valued at $733,587. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of hedge funds and other institutional investors have recently modified their holdings of PEG. Empowered Funds LLC lifted its stake in shares of Public Service Enterprise Group by 10.3% in the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock valued at $831,000 after acquiring an additional 940 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Public Service Enterprise Group by 40.7% in the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock valued at $3,464,000 after acquiring an additional 12,172 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of Public Service Enterprise Group by 27.6% in the 2nd quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock valued at $405,000 after acquiring an additional 1,040 shares during the last quarter. Jump Financial LLC lifted its stake in shares of Public Service Enterprise Group by 70.4% in the 2nd quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider’s stock valued at $1,070,000 after acquiring an additional 5,250 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Public Service Enterprise Group by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider’s stock valued at $4,785,000 after acquiring an additional 1,649 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

About Public Service Enterprise Group

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.